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Innovation in regeneration finance

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Platinum sponsor:

John Laing

Workshop sponsors:


CBRE
Colliers International

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PwC

Regenter

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Core Cities

Local Partnerships

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PPP Bulletin
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Latest News

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Rental guarantee proposal for Croydon housing scheme

Published: 2009-08-13 10:34:44

Proposals have been made to secure funding for London Borough of Croydon’s 550-home scheme Ruskin Square by providing a “rental guarantee”.
 
The HCA would provide the guarantee for an initial period of several years after the first tenants move in. This makes the project more acceptable to institutional investors by allowing their net income to be topped up should it fail to meet a previously agreed level. read more

London Councils responds to housing finance reform

Published: 2009-08-13 10:33:40

London Councils, representing the capital’s local authorities, has broadly welcomed the government’s reform proposals for council housing finance.
 
These intend big changes in the way local authorities receive funding and how they manage housing stocks. The aim is for councils to retain all their income from rents and home sales and use it to meet the needs of their tenants. read more

LIBV funding for Devon and London projects

Published: 2009-08-13 10:31:54

Local Incentive-Backed Vehicles (LIBVs) show signs of supplanting Local Asset-Backed Vehicles (LABVs) as the recession makes the latter less attractive because increases in asset values can no longer be assumed over the lifetime of projects.
 
LIBVs involve giving private sector partners the incentive of options to buy and develop public sector sites, typically brownfield. LABVs, by contrast, normally require public sector bodies to invest their property assets at agreed market valuations in the development scheme. read more

HCA reveals new financial models to SocInvest

Published: 2009-08-13 10:20:26

Homes and Communities Agency (HCA) director of strategy, policy, performance and research, Trevor Beattie, has spoken exclusively to SocInvest about new financial models the agency is exploring to revive affordable housing development under the umbrella of the National Affordable Housing Programme. One of these initiatives involves redefining the private public partnership model.
 
“Under the usual development model, developers look for a 24-26% return that takes into account their role in upfront financing,” Beattie said. “We want to move towards a model where contractors are less highly geared and can work with a lower return consistent with a contractor relationship. The HCA will take more of the risk by providing upfront funding for which it will take an equity stake.” read more

Cyprus joins forces with the EIB for sustainable city development

Published: 2009-08-10 18:58:53

The European Investment Bank and the Planning Bureau of the Republic of Cyprus have signed a Memorandum of Understanding to strengthen cooperation in financing integrated sustainable urban development in Cyprus. (Story sourced from here)

Arrangements for the signature of the Memorandum have been made by Mr Plutarchos Sakellaris, EIB Vice-President and Mr Andreas Moleskis, Permanent Secretary of the Planning Bureau of the Republic of Cyprus.

The Memorandum represents an intention to use the Joint European Support for Sustainable Investment in City Areas (JESSICA) initiative in Cyprus through the establishment of a JESSICA Holding Fund. read more

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